self employment and taxes - what do you do?

Posted on: 14 November 2016

Busy restaurants often have unsold food left over at the end of each day. Some of the food may be used the following day, but wholesome food is sometimes discarded. A practical solution for minimizing wasted food is available. Restaurants can receive a tax deduction in exchange for donating unsold food to a qualified charity. Tax deductions for charitable donations are generally limited to the fair market value of donated items. [Read More]

Posted on: 14 October 2016

If you are working a sales position for the first time ever and you aren't sure how you're supposed to claim your taxes, there are some things you want to do to prepare, and calling a professional tax expert is one of them. Preparing your own taxes puts you at the risk of errors, especially when you have more things to worry about because of your job position and the field you work in. [Read More]

Posted on: 12 September 2016

Now that you've decided to start a small business, it's important to find a reliable accountant to work with who will help you balance your books and ensure that you're on the right track come tax time. Here are three things to consider when consulting with potential accountants: Database and Procedure Creation One of the most important considerations to make when consulting with potential accountants is database and procedure creation. As a new business owner, you shouldn't be expected to create an accounting database for your service provider to work within. [Read More]

Posted on: 21 July 2016

Running a business can be very hard because there are so many things to take care of just to keep the business running. One of the most important parts of running a business is paying your employees on time and the right amount. Using a payroll company to help with this aspect of running a business will allow you to focus your attention on other areas of the business that need your attention. [Read More]